Torrance, CA – April 2, 2013 – (RealEstateRama) — Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on the $3.7 million sale of a 2,200-square-foot retail property leased by 7-Eleven located at 7807 Balboa Ave, San Diego, CA.
Jim Casale, CCIM, a principal in the San Diego Lee & Associates office represented the buyers, a private family trust. The sellers, VRE Balboa LLC were represented by The Sands Group.
“This is an outstanding corner in the middle of Kearny Mesa and is a prime investment offering long term security for my clients”, Casale said. “We competed with multiple offers and presented a comprehensive package showing my client’s expertise and our ability to close quickly on an all cash basis. That ultimately won us the deal.”
The 7-Eleven store was constructed in 2012 and at the corner of Balboa Ave. and Convoy Street, one of the busiest intersections in central San Diego. 7-Eleven has a lease on the building until 2027 with multiple options.
About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, Texas and Wisconsin. With a roster of nearly 730 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com
